dYdX Foundation Buys 7.5 Million DYDX Worth $1.35M, Announces Next 1.78 Million DYDX Buyback

COINOTAG News reports that, on December 31, the dYdX Foundation confirmed progress following the November 13 vote to allocate 75% of Protocol Revenue to the DYDX buyback program.

The foundation disclosed that cumulative purchases total approximately 7.5 million DYDX tokens, representing roughly $1.35 million in aggregate value.

Looking ahead, the next scheduled tranche targets the acquisition of about 1.78 million DYDX tokens, signaling a continued emphasis on supply-side management within the token buyback initiative.

Industry observers state the policy is designed to align incentives and reinforce governance and liquidity within the dYdX ecosystem.